Bank of India has reported results for third quarter ended December 31, 2014.
The bank has registered a fall of 70.40% in its net profit at Rs 173.38 crore for the quarter under review as compared to Rs 585.82 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.95% at Rs 11947.45 crore for Q3FY15 as compared Rs 10866.29 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) increased to 4.07% in the October-December quarter as against 2.81% in the same quarter previous year, while net NPAs stood at 2.50%.